Major bank finds first-home buyers buck history
New research from a major bank shows first home buyers are populating the investment market in bigger numbers than ever before. ...
CREMORNE, 2090 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling CREMORNE, 2090 values up and netting property investors a capital gain of 16.37% for the past year.
Investors saw the median home price rise to $3,032,500.
Profits due to an upward trend in home prices in the suburb averaged 12.61% per annum over a 3-year period.
CREMORNE now ranks at the 1133rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in CREMORNE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $1150 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CREMORNE, homes and units usually stay on listing for an average of 94.6 days.
In 2016, 40 properties were sold in CREMORNE during the past year, making it the 502nd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.37%||-4.68%|
|Median 3 years||37.84%||30.23%|
|Median 5 years||85.93%||57.75%|
|10 years average annual||7.97%||7.26%|
|Weekly media advert. rent||$1150||$670|
|Time on Market||94.6 days||53.4 days|
|Gross Rental Yield Percent||1.97%||3.11%|
The CEO of a real estate body has continued his criticism of NSW’s stamp duty reforms, which were announced by the government earlier this...
Just one capital city saw home value growth over the last week, new data indicates. ...
A new online platform that combines a property listing portal and a social media platform has launched. ...
In the face of a changing property market, investors are wary about the future of the builders’ market, particularly in the softening capi...
The results of a new report claims Airbnb is having a direct impact on the housing market, especially property located in tourism hotspots, ...